What is the global market size of Disposable Cups Market?

Global Disposable Cups Market size was valued at USD 10.29 billion in 2021 and is poised to grow from USD 10.61 billion in 2022 to USD 13.96 billion by 2030, growing at a CAGR of 3.1% in the forecast period (2023-2030).

Disposable Cups Market Size, Share, Growth Analysis, By Product(Paper, Plastic, Foam), By End-User(Commercial, Institutional, Household), By Region - Industry Forecast 2024-2031

Q: Which region accounted for the largest share in Disposable Cups Market?

Asia Pacific dominated the global market and is predicted to grow at the highest rate throughout the projected period with a market share of over 32.0% in 2021 . This is due to a number of factors, including an increase in the urban population, shifting food consumption patterns, rising disposable income, and the opening of several foreign food chain restaurants and shops. In developing nations like India, the western fast-food chain has shown a promising growth rate that is anticipated to continue in the years to come. According to a Financial Express story from February 2020, the food-service sector in India is predicted to grow at a CAGR of 9%. In the upcoming years, it is anticipated that these factors will significantly increase the demand for disposable cups.

Report ID: SQSG15Q2002 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 63 | Figures: 75

Disposable Cups Market Competitive Landscape

Many industry participants are implementing tactics like creative and environmentally friendly product launches in order to solidify their positions and increase revenue growth. For instance, Huhtamäki Oyj added to its current Bioware® biodegradable portfolio in July 2019 with the launch of a new compostable Bioware® Impresso double-walled hot cup. The redesigned cup makes use of the distinctive Impresso bubble emboss, which improves insulation and gives the holder a tactile feel. The company's hot cup features a plant lining that is certified compostable and is composed of a sustainable 100% PEFC-certified paperboard.

Top Players in the Disposable Cups Market

Huhtamäki Oyj
Dart Container Corporation
International Paper Company
Georgia-Pacific LLC
Solo Cup Company
Greiner Holding AG
Berry Global Group Inc.
ConverPack Inc.
WestRock Company
Detpak Pty Ltd.
Genpak LLC
Lollicup USA, Inc.
Go-Pak UK Ltd.
Vegware Ltd.
Churchill Container
Frugalpac Ltd.
Eco-Products, Inc.
Pactiv LLC
Fabri-Kal Corporation
Biopac India Corporation Ltd.

Disposable Cups Market Recent Development

In July 2022, Georgia-Pacific Corp. announced the successful completion of its $170 million acquisition of Insulair, Inc., a privately held manufacturer of premium insulated paper cups and lids.
In June 2021, Greiner Packaging creates the first cup prototypes made of Bornewables, a portfolio of premium polyolefins designed for circularity by Borealis.
In April 2021, Greiner Packaging International GmbH launched new sustainable r-PET cups for beverages, accommodating economic, environmental, and social considerations.
In January 2020, Lavazza Professional announced the launch of the revolutionary Kix Eco Cup. This launch focuses on bringing eco-friendlier cups to the consumers and are biodegradable and recyclable

Disposable Cups Market Report Snapshots

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Disposable Cups Market size was valued at USD 10.29 billion in 2019 and is poised to grow from USD 10.61 billion in 2023 to USD 13.96 billion by 2031, growing at a CAGR of 3.1% in the forecast period (2024-2031).

The disposable cups market is characterized by the presence of numerous well-known competitors. These competitors stand out for having a wide range of products and an extensive distribution network. They have a substantial market share and cater to clients all around the world. Additionally, the market includes small-to-midsized firms, who mostly cater to local clients and have a narrow variety of items. 'Huhtamäki Oyj ', 'Dart Container Corporation ', 'International Paper Company', 'Georgia-Pacific LLC', 'Solo Cup Company', 'Greiner Holding AG', 'Berry Group Inc. ', 'ConverPack Inc.', 'WestRock Company', 'Detpak Pty Ltd.', 'Genpak LLC', 'Lollicup USA, Inc.', 'Go-Pak UK Ltd.', 'Vegware Ltd.', 'Churchill Container', 'Frugalpac Ltd.', 'Eco-Products, Inc.', 'Pactiv LLC', 'Fabri-Kal Corporation', 'Biopac India Corporation Ltd.'

Disposable cups are growing more and more popular today for a number of reasons. Water scarcity, outdoor gatherings, and quick-serve are elements that are driving the market's expansion. Disposable cups are crucial in settings like campgrounds, picnic areas, and community events where there is a lack of water for washing dishes.

One-time-use disposable cups are experiencing excellent sales growth due to the growing worries about health and cleanliness and the need to prevent the transmission of infection. The packaging of a disposable cup is tamper-evident, protecting the food from contamination while it is being transported.

Asia Pacific dominated the market and is predicted to grow at the highest rate throughout the projected period with a market share of over 32.0% in 2021 . This is due to a number of factors, including an increase in the urban population, shifting food consumption patterns, rising disposable income, and the opening of several foreign food chain restaurants and shops. In developing nations like India, the western fast-food chain has shown a promising growth rate that is anticipated to continue in the years to come. According to a Financial Express story from February 2020, the food-service sector in India is predicted to grow at a CAGR of 9%. In the upcoming years, it is anticipated that these factors will significantly increase the demand for disposable cups.

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Disposable Cups Market Size, Share, Growth Analysis, By Product(Paper, Plastic, Foam), By End-User(Commercial, Institutional, Household), By Region - Industry Forecast 2024-2031

Disposable Cups Market Competitive Landscape

Disposable Cups Market Report Snapshots

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